Liquidity crisis

President Gotabaya Rajapaksa’s administration has widely promoted pro-business positions, including announcing tax breaks for new investments to attract foreign direct investment (FDI), the 2021 investment climate statement said. US State Department. As indicated in its electoral manifesto, the economic objectives of the Rajapaksa government include positioning Sri Lanka as an export-oriented economic pole in the …

WASHINGTON: Residential construction in the United States rose more than expected in June, although expensive lumber as well as labor and land shortages continued to constrain builders’ ability to take full advantage of the market. strong demand for housing. Housing starts rose 6.3% to a seasonally adjusted annual rate of 1.643 million units last month, …

In response to COVID-19 severely damaging the lives and livelihoods of millions of people in developing countries, the World Bank Group has deployed more than $ 157 billion to address the health, economic and social impacts of pandemic in the past 15 months (April 1, 2020 – June 30, 2021). This is the largest response …

The government is expected to incur spending of around 16 million euros due to a two-year extension of the liquidation deadline of the former Anglo Irish Bank. The failed bank, renamed Irish Bank Resolution Corporation (IBRC) in 2011, has been in liquidation since February 2013. The two-year extension of the liquidation period means the process …

Stablecoins, digital currencies pegged to national currencies like the US dollar, are increasingly seen as a potential risk not only for crypto markets, but also for capital markets. Treasury Secretary Janet Yellen is scheduled for Monday hold a meeting of the president’s financial markets task force to discuss stablecoins, the Treasury Department said on Friday. …

Tech-savvy millennials fled to the suburbs during the coronavirus pandemic, fueling a booming housing market that has allowed non-bank and fintech mortgage companies to capture a significant chunk of the growing market share, granting loans loans at a faster pace than more traditional bank lenders. This booming market has so far protected one vulnerability. Homeowners …

Banks have had a good crisis, but that doesn’t mean they’re fit for the next one. On Tuesday, the Bank of England released UK lenders from restrictions on shareholder payments introduced at the start of the pandemic. He mentionned the financial sector remains resilient to much tougher results than their central forecasts, with enough “capital …

The Islamic Religious Council of Singapore (Muis) underscored its commitment to high standards of governance and robustness in its internal systems. The board today released a sweeping statement on its website refuting allegations of improper financial management and governance pressured against it. These allegations came from recent online articles by a foreign writer, and Muis …

LATAM’s Airbus A350s have perhaps some of the most interesting fleet histories. As it turned out, LATAM didn’t need its full Airbus A350 capacity, so it ended up leasing some of it to Qatar Airways and then selling four to Delta Air Lines. Qatar Airways’ leases ended and Delta canceled its purchase contract for the …

Under the financial shock of the pandemic, three-quarters of companies have been forced to consider divesting what they consider non-core assets, an annual survey by a consulting firm has found. The divestments are intended to raise funds to address liquidity issues and also investments, according to EY’s survey of 30 companies. It can be noted …